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Barclay’s analyst pessimistic On Macau Gambling
Monday May 18,2015 : MACAU WOES NOT OVER YET, SAY ANALYST
Barclay’s analyst pessimistic on short term prospects...but says it's ultimately going to be a good market.
A Barclay's analyst, Felicia Hendrix, said this week that predictions that the declining Macau gambling has almost bottomed out may be premature, but that the long term prospects for the region's gambling operations are good.
Citing persistent difficulties impacting the Macau gambling market at present - the crackdown on corruption by the Chinese government, and a slower Chinese economy - Hendrix opined that it is still too early to call the bottom of the declining market despite the launch of new properties on the island.
However, she took a brighter view in the longer term, quoting numbers from a McKinsey survey that indicate a market of around 200 million gamblers that could grow by a third to 300 million by 2020.
"Given China's rapidly growing middle class, we view the opportunity for robust growth in Mass GGR in Macau over the long term as promising," Hendrix observed, adding that before consistent growth can be achieved the current situation in the market will have to stabilise.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
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